Norwegian oil and gas firm Statoil has drilled a dry well in the El Dabaa license in the Mediterranean Sea west of the Nile in Egypt, the firm said on March 28.
Jordan and Egypt agreed to strengthen their commercial ties, through turning Jordan into a logistic hub making use of its location, according to Egyptian Cabinet spokesman, Magdi Radi.
Caretaker Finance Minister Raya Hassan refuted the claims of caretaker Energy and Water Minister Jibran Bassil that she had refused to pay the bills of Egyptian gas which Lebanon receives.
The big news on the horizon at Premier Oil Plc will come out of Egypt.''We continue to look forward to results from the Cherry prospect in 20 to 30 days (4% upside, 0.5% downside),'' says the analyst team.
Unknown attackers attempted to blow up an Egyptian gas pipeline to Israel and Jordan on March 27, but the explosives failed to detonate, a security official said.